Special Provisions Governing Eurocurrency Rate Loans. If, within the time period required under the terms of this Section 2.12 , the Administrative Agent does not receive a Notice of Conversion or Continuation from the applicable Borrower containing a permitted election to continue any Eurocurrency Rate Loans for an additional Interest Period or to convert any such Loans, then, upon the expiration of the applicable Interest Period, such Loans, if denominated in Dollars, shall be automatically converted to Base Rate Loans and such Loans, if denominated in Euros, shall be automatically continued as Eurocurrency Rate Loans with an interest period of one month (or if consented by all Revolving Credit Lenders, seven days). Each Notice of Conversion or Continuation shall be irrevocable.
Appears in 1 contract
Samples: Credit Agreement (FMC Corp)
Special Provisions Governing Eurocurrency Rate Loans. If, within the time period required under the terms of this Section 2.12 2.12, the Administrative Agent does not receive a Notice of Conversion or Continuation from the applicable Borrower containing a permitted election to continue any Eurocurrency Rate Loans for an additional Interest Period or to convert any such Loans, then, upon the expiration of the applicable Interest Period, such Loans, if denominated in Dollars, shall be automatically converted to Base Rate Loans and such Loans, if denominated in Euros, shall be automatically continued as Eurocurrency Rate Loans with an interest period of one month (or if consented by all Revolving Credit Lenders, seven days). Each Notice of Conversion or Continuation shall be irrevocable.
Appears in 1 contract
Samples: Credit Agreement (FMC Corp)
Special Provisions Governing Eurocurrency Rate Loans. If, within the time period required under the terms of this Section 2.12 2.11, the Administrative Agent does not receive a Notice of Conversion or Continuation from the applicable Borrower containing a permitted election to continue any Eurocurrency Rate Loans for an additional Interest Period or to convert any such Loans, then, upon the expiration of the applicable Interest Period, such Loans, if Loans denominated in Dollars, Dollars shall be automatically converted to Base Rate Loans and such Loans, if Loans denominated in Euros, Euros shall be automatically continued as Eurocurrency Rate Loans with an interest period Interest Period of one month (or if consented by all Revolving Credit Lenders, seven days)month. Each Notice of Conversion or Continuation shall be irrevocable.
Appears in 1 contract
Special Provisions Governing Eurocurrency Rate Loans. If, within the time period required under the terms of this Section 2.12 2.11, the Administrative Agent does not receive a Notice of Conversion or Continuation from the applicable Borrower containing a permitted election to continue any Eurocurrency Rate Loans for an additional Interest Period or to convert any such Loans, then, upon the expiration of the applicable Interest Period, such Loans, if Loans denominated in Dollars, Dollars shall be automatically converted to Base Rate Loans and such Loans, if Loans denominated in Euros, Euros or Yen shall be automatically continued as Eurocurrency Rate Loans with an interest period Interest Period of one month (or if consented by all Revolving Credit Lenders, seven days)month. Each Notice of Conversion or Continuation shall be irrevocable.
Appears in 1 contract